Company Valuation: Cigna

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 76,106 101,304 87,625 76,809 73,521 77,630 - -
Change - 33.11% -13.5% -12.34% -4.28% 5.59% - -
Enterprise Value (EV) 1 104,695 126,473 110,733 101,231 97,308 96,303 93,602 86,520
Change - 20.8% -12.45% -8.58% -3.88% -1.03% -2.8% -7.57%
P/E 14.6x 15.6x 17.2x 22.8x 12.4x 11.8x 10.1x 9.23x
PBR 1.57x 2.21x 1.89x 1.84x 1.74x 1.74x 1.6x 1.46x
PEG - 0.4x -0.9x -0.8x 0.1x 0.9x 0.6x 0.94x
Capitalization / Revenue 0.44x 0.56x 0.45x 0.31x 0.27x 0.27x 0.26x 0.25x
EV / Revenue 0.6x 0.7x 0.57x 0.41x 0.35x 0.34x 0.32x 0.28x
EV / EBITDA 9.42x 11x 9.24x 8.38x 7.88x 7.22x 6.46x 5.69x
EV / EBIT 13.2x 15x 13x 10.7x 10.6x 9.7x 8.49x 7.61x
EV / FCF 17.3x 17.2x 10.8x 11.3x 11.6x 10.7x 9.21x 8.43x
FCF Yield 5.77% 5.82% 9.25% 8.85% 8.62% 9.38% 10.9% 11.9%
Dividend per Share 2 4 4.48 4.92 5.6 6.04 6.178 6.447 6.75
Rate of return 1.74% 1.35% 1.64% 2.03% 2.19% 2.11% 2.2% 2.3%
EPS 2 15.73 21.3 17.39 12.12 22.18 24.97 28.95 31.8
Distribution rate 25.4% 21% 28.3% 46.2% 27.2% 24.7% 22.3% 21.2%
Net sales 1 174,078 180,642 195,322 247,099 274,900 284,456 296,835 313,108
EBITDA 1 11,118 11,522 11,980 12,083 12,351 13,343 14,484 15,215
EBIT 1 7,935 8,414 8,536 9,417 9,200 9,928 11,028 11,376
Net income 1 5,365 6,668 5,164 3,434 5,957 6,597 7,699 7,824
Net Debt 1 28,589 25,169 23,108 24,422 23,787 18,673 15,973 8,890
Reference price 2 229.63 331.34 299.45 276.14 275.23 293.46 293.46 293.46
Nbr of stocks (in thousands) 331,428 305,739 292,620 278,153 267,126 264,532 - -
Announcement Date 03/02/22 03/02/23 02/02/24 30/01/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.75x0.34x7.22x2.11% 77.63B
24.79x0.97x15.26x2.09% 386B
20.48x0.59x11.15x1.67% 90.39B
48.1x0.35x20.04x0.91% 47.09B
27.15x0.16x14.64x-.--% 33.26B
69.87x0.24x15.92x-.--% 12.15B
103.65x0.7x23.66x-.--% 4.1B
338.16x0.75x37.29x-.--% 2.34B
23.77x1.61x9.33x-.--% 2.4B
48.35x2.72x14.33x0.57% 280M
Average 71.61x 0.84x 16.88x 0.73% 65.53B
Weighted average by Cap. 26.90x 0.75x 14.17x 1.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield